Mastering the Refinancing Game Amidst Rising Interest Rates
As the tide of low fixed interest rates begins to recede, Australian homeowners and investors who enjoyed these bargain rates may soon be confronted with the “mortgage cliff.” This impending phenomenon signifies the end of their favourable loan terms and the potential onset of higher interest rates. But fear not! This guide lays out practical […]
Navigating the Expiry of Your Favourable Fixed Rate Mortgage: Your Essential Guide
Are you prepared for the end of your enticing low fixed-interest rate mortgage? Like the ebbing tide, the era of exceptionally low fixed rates ushered in by the pandemic is receding. As a result, many Australian homeowners and investors face the looming “mortgage cliff“. This event marks the expiry of these appealing loans, which could […]
What you should know about the ‘fixed-rate cliff’…
Australia’s mortgage market is experiencing a significant shift, with many homeowners coming off two-year and three-year fixed-rate loans onto much higher variable rates today. Starting during the 2020 pandemic, there was a boom in fixed-rate borrowing, as lenders slashed their fixed rates to record-low levels and many borrowers took advantage. At the peak, almost 40% […]
RBA ‘closer to the point’ where it will stop hiking rates…
Reserve Bank of Australia (RBA) governor Philip Lowe has hinted that with monetary policy now in “restrictive territory”, interest rates may be near their peak. In a speech delivered the day after the RBA raised the cash rate for the 10th consecutive time, Governor Lowe said the RBA Board was closely monitoring the effect of […]
